WASHINGTON (Nov. 23)–Former Bayer A.G. executive Martin Petersen has agreed to plead guilty to charges of participating in a conspiracy to fix prices in the rubber chemicals market during 2000-01.
Petersen was head of global marketing and sales for Bayer’s rubber business group during the time in question. He faces up to three years imprisonment and a $350,000 fine, according to the Justice Department.
Petersen, a German national, agreed to assist the government in its ongoing rubber chemicals investigation, the DOJ said.
Bayer A.G. earlier agreed to plead…